One of our local developers, Gulfstream Development, has operations in Biloxi and Gulfport, Mississippi and they keep us updated on what's going on there. They had a job fair on April 8 that attracted 130 employers, 2000 candidates and they expect to place 600+ people in good-paying jobs. Wow, the Gulf Coast of Mississippi is en fuego!
I intend to stop in there next month for a little personal investigation as I drive up to my summer home at the Pickwick Pines Resort on the Tennessee River (still in Mississippi, but just barely). Why is the Katrina-ravaged coast of Mississippi doing so much better than other areas? Right now I hear that jobs are plentiful, but housing is still in short supply. That sounds like a challenge to me!
Here in SW Fllorida, jobs are scarce and housing is vacant in abundance. Sales are picking up, Low end prices are firming, but I still don't see how things can get back to "normal" any time soon. Just too many vacant homes to get sold. And more coming on the market all the time. I hope that NAR is right and we have a strong national economic force to carry us through this thing. I can survive OK, new Buyers are estatic with their deals, but I worry about all these folks who are losing their homesteads. I hope that you do, too.